BNF Bank launches enterprise-wide Risk Management Platform in Malta
BNF Bank has announced the launch of a new enterprise-wide risk management platform in Malta, delivered in collaboration with DILIGEX and ASPIDA.
The implementation marks a key milestone in strengthening the Bank’s risk governance framework and enhancing its ability to operate effectively in an increasingly complex regulatory and risk environment. The platform went live in March 2026 following a structured programme of tailoring, testing and implementation.
The solution introduces a more integrated approach to identifying, assessing and monitoring risks across the organisation. By centralising risk data and standardising processes, it enables improved transparency, consistency and more effective reporting across business units and at senior management level.
Commenting on the deployment, BNF’s Chief Risk Officer Glen Smith said:
“Effective risk management is no longer just about meeting regulatory expectations. It is about having the tools and insight to anticipate emerging risks, support informed decision-making and embed a strong risk culture across the organisation. This platform helps us do that in a practical and scalable way,”
The system controls monitoring and risk assessment workflows, providing a consolidated and forward-looking view of risk exposure across the bank. The platform has been deployed across a number of regulated organisations operating in multiple jurisdictions, supporting stronger governance, improved reporting quality and more efficient risk management processes.
Diligex and Aspida worked closely with BNF to configure the platform to the bank’s specific operating model in Malta, aligning functionality with local regulatory expectations while maintaining consistency with international risk management standards. This collaboration approach supported a smooth implementation and a solution that is both scalable and adaptable as regulatory and business requirements evolve.
The deployment is built on Resolver by Aspida, a configurable GRC platform used by international banks and cross-border financial services groups. The underlying technology has been complemented by tailored configuration and advisory input from the Diligex and Aspida teams, working in close partnership with BNF.
Kevin Gilligan, Head of Business Advisory at Aspida Group, commented that “BNF’s adoption of an enterprise-wide risk management platform reflects a proactive approach to risk governance. We continue to see risk functions broaden in scope, particularly within banks and financial services groups operating across multiple jurisdictions. Implementations like this support a more structured, forward-looking approach to risk management and decision-making.”
Matthew Agius Mamo, CEO of Diligex, added:
“Introducing proven risk management technology into local banking operations allows teams to move away from manual, administrative processes and focus instead on insight, oversight and collaboration. This is about embedding risk awareness across the organisation, not just within the risk function itself.”
The launch forms part of BNF’s wider strategy to invest in operational resilience and governance, supporting long-term stability and stakeholder confidence.
Further enhancements to the platform are expected to be introduced over time, in line with regulatory developments and business needs.
For inquiries, please contact us on info@diligex.eu or on +356 21240363. For more information about Diligex please refer to www.diligex.eu
About BNF
BNF Bank, a key player in the Maltese financial services sector strives to be the Bank of Choice for individuals and businesses, driven by the highest principles of ethical and social responsibility.
The Bank offers personal and business clients highly personalised products and services, through a network of 13 retail branches, along with an international presence through its branch in London. With a Corporate and Business Banking centre, a Treasury function as well as a strong team of Customer Care representatives, BNF Bank's long-term strategic objective is to strengthen its position and reinforce its values whilst making sure that the Bank is ready for future trends and challenges.
About Diligex
Diligex is your RegTech partner, simplifying complexity to help well-meaning operators win. We deliver peace of mind and efficiency through a blend of expert advisory and our proprietary and leading partner technology, covering AML/CFT, risk, regulatory compliance management, cybersecurity, due diligence, and governance.
About Aspida
Aspida provides technology enabled advisory services to regulated and non regulated organisations, supporting the implementation of scalable governance, risk and compliance (GRC) platforms. Working with financial services firms across multiple jurisdictions, Aspida combines practitioner led expertise with configurable technology to deliver solutions that meet local regulatory requirements and international best practice.
Aspida is the developer of Resolver by Aspida, a configurable GRC platform used by banks and cross border financial services groups to support risk management, compliance oversight and governance. In recognition of its technology led approach, Aspida was recently shortlisted for Technology Partner of the Year at the upcoming ICA European Compliance Awards.
